December 31, 2024 08:10 GMT
ENERGY: What to Watch: API Inventories
ENERGY
- The API US oil inventory data is due at 16:30ET ahead of the EIA Weekly Petroleum Status Report on Jan. 2. US crude oil inventories are expected to show a draw of 3.0mbbl in the week to Dec. 27, according to a preliminary Reuters survey. Gasoline is expected to build 0.4mbbl and distillates to build 3.5mbbl with a 0.1pct pt rise in refinery utilisation.
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